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WASHINGTON – As part of the Export-Import Bank of the United States’ (EXIM) commitments to transparency and supporting America’s small businesses, the agency today released authorization data for small business transactions in April 2022. EXIM approved 120 authorizations totaling $66.7 million for small businesses that export American goods and services around the world. Small business authorizations for April also include $16.3 million in support of minority- and women-owned businesses.

To date in FY 2022, EXIM has authorized $812.1 million in small business transactions, which account for 39.2 percent of the agency’s total authorizations. For FY 2021, small business authorizations totaled more than $1.6 billion, representing 28.2 percent of total authorizations. Historically, nearly 90 percent of the total number of EXIM’s authorizations directly benefit U.S. small businesses.

This month, EXIM is highlighting Sun Surveillance of Spartanburg, SC. This small business, started in 2003, manufactures wireless, solar-powered security cameras that are specifically designed to meet customer needs. In 2016, Sun Surveillance sought EXIM export credit insurance, which allowed the company to build stronger international relationships. Since securing EXIM financing, exporting has become an integral component to the company’s growth strategy, accounting for about 20 percent of its business. With the support of EXIM financing, Sun Surveillance has expanded from three to more than 20 employees and is exporting to three continents. Since 2016, EXIM has authorized more than $1.2 million in support of Sun Surveillance’s renewable energy and environmentally beneficial exports.

To see how other small businesses across the country are using EXIM products, view these success stories. To see how EXIM supports exporters in every state, view this state-by-state summary.

ABOUT EXIM:
 

The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.